'Exponential smoothing' presentation slideshows

1.72k views • 92 slides

Review

910 views • 73 slides

1.29k views • 61 slides

Chapter 3

Chapter 3. Forecasting in POM: The Starting Point for All Planning. Overview. Introduction Qualitative Forecasting Methods Quantitative Forecasting Models How to Have a Successful Forecasting System Computer Software for Forecasting Forecasting in Small Businesses and Start-Up Ventures

893 views • 52 slides

Chapter 8

Chapter 8. Forecasting. To Accompany Russell and Taylor, Operations Management, 4th Edition , ? 2003 Prentice-Hall, Inc. All rights reserved. Forecasting. Predicting future events Usually demand behavior over a time frame Qualitative methods Based on subjective methods

620 views • 50 slides

Developing a Student Flow Model to Project Higher Education Degree Production: Technical and Policy Consideration

629 views • 49 slides

Moving-average-methods

Describing an important method of forecasting called Moving average

1.99k views • 48 slides

Chapter 13

Chapter 13. Analyzing and Forecasting Time Series Data. Chapter 13 - Chapter Outcomes. After studying the material in this chapter, you should be able to: Apply the basic steps in developing and implementing forecasting models. Identify the components present in a time series.

752 views • 41 slides

Demand Forecasting : Time Series Models Professor Stephen R. Lawrence College of Business and Administration University

Demand Forecasting : Time Series Models Professor Stephen R. Lawrence College of Business and Administration University of Colorado Boulder, CO 80309-0419. Forecasting Horizons. Long Term 5+ years into the future R&D, plant location, product planning Principally judgement-based Medium Term

615 views • 36 slides

Forecasting

751 views • 35 slides

Chapter 7 Demand Forecasting in a Supply Chain

668 views • 31 slides

Paula Jensen February 8, 2012

Paula Jensen February 8, 2012. Forecasting ENGM 745. Agenda. Group Assignments Project 1 assignment Quiz online Discussion with group Figuring out ForecastX - Step by Step in class New Product Forecasting. New-Product Forecasting (growth curve fitting). Gompertz Curve. Logistic Curve.

456 views • 29 slides

Time Series and Trend Analysis

Time Series and Trend Analysis. Time Series and Trend Analysis. Definition Main Components of Time Series Measurement of the Underlying Trend Seasonal Data movement. Definition.

554 views • 25 slides

Time Series

Time Series. Learning Objectives. Cross-sectional vs. Longitudinal Describe what is forecasting Explain time series & its components Smooth a data series Moving average Exponential smoothing Forecast using trend models Simple Linear Regression

343 views • 20 slides

Exponential smoothing

402 views • 19 slides

Short Questions and Multiple Choices

Short Questions and Multiple Choices . 1. Given an actual demand of 60 for a period when forecast of 70 was anticipated, and an alpha of 0.3, what would the forecast for the next period be using simple exponential smoothing? F = (1-0.3)(70)+0.3(60) = 67 .

427 views • 17 slides

Demand Forecasts

Demand Forecasts. The three principles of all forecasting techniques: Forecasting is always wrong Every forecast should include an estimate of error The longer the forecast horizon the worst is the forecast Aggregate forecasts are more accurate. Two comments frequently made by managers.

315 views • 14 slides

Forecasting

Forecasting.

288 views • 14 slides

Chapter 7 Demand Forecasting in a Supply Chain

Forecasting - 4 Trend Adjusted Exponential Smoothing Ardavan Asef-Vaziri References: Supply Chain Management; Chopra and Meindl USC Marshall School of Business Lecture Notes. Chapter 7 Demand Forecasting in a Supply Chain. Data With Trend.

393 views • 13 slides

Business Mathematics and Statistics

Business Mathematics and Statistics. Nishantha Palihawadana. Time Series Analysis. Definition of Time Series : An ordered sequence of values of a variable at equally spaced time intervals . The variable shall be time dependent. Applications :.

425 views • 9 slides